Microsoft has been the leading contender for purchasing TikTok. However, it seems that Microsoft could have a competitor for TikTok’s US operations: Oracle.

Oracle is showing interest in acquiring TikTok, according to the Financial Times. This pits Oracle against Microsoft in the race to acquire TikTok’s US operations after the Trump Administration ordered the company to sell its assets in the US by next month. Reportedly, Oracle has had preliminary talks with TikTok’s parent company ByteDance.

Is Microsoft really the leader contender to buy TikTok in the US?

While it appears that TikTok’s leading contender is Microsoft, it seems ByteDance is looking around for other buyers. Earlier, it was said Twitter was in preliminary talks with ByteDance as well. However, there are said to have been “serious concerns” about its financial capacity for the deal, according to The Wall Street Journal.

President Trump signed an executive order on Friday ordering ByteDance to sell its US business within 90 days. The FT said Oracle’s billionaire co-founder Ellison is one of the few US tech executive that has openly supported Trump. It isn’t clear if Oracle will be the White House’s preferred owner of TikTok, however it is possible it will become the leading contender.

Oracle is seriously considering the deal

Reports claim that Oracle is “seriously considering” acquiring the app’s assets in the US, Canada, Australia, and New Zealand. It is possible Oracle swoops in and snatches TikTok from Microsoft. We just have to wait and see though. There’s some time for the deal to go down. We’ll keep you up to date on any new news about this story.

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